How does investment efficiency affect financial distress risk? Evidence from China

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How does investment efficiency affect financial distress risk? Evidence from China

Motivated by the high financial distress risk (Hereafter, FDR) level and extensively inefficient investment behaviors in China, this paper aims to explore the relationship between firms’ investment efficiency and FDR. Utilizing Chinese A-share market data spanning 2008–2020, we find that over-invest...

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Bibliographic Details
Main Authors:	Geng, Huixia, Zhu, Hongbing, Lau, Wei Theng, Mohd Nor, Normaziah, Ab Razak, Nazrul Hisyam
Format:	Article
Language:	English
Published:	Elsevier B.V. 2025
Online Access:	http://psasir.upm.edu.my/id/eprint/118911/ http://psasir.upm.edu.my/id/eprint/118911/1/118911.pdf

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